Austria banknote - 100 hundert schilling - year 1945 - Second series - rare

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Seller: boutique_zone ✉️ (107) 100%, Location: Nis, RS, Ships to: WORLDWIDE, Item: 394546888389 Austria banknote - 100 hundert schilling - year 1945 - Second series - rare. The Schilling (German: Österreichischer Schilling) was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 Schilling to replace it. The Schilling was divided into 100 Groschen. Second Schilling The Schilling was reintroduced after World War II on November 30, 1945 by the Allied Military, who issued paper money (dated 1944) in denominations of 50 Groschen up to 100 Schilling. The exchange rate to the Reichsmark was 1:1, limited to 150 Schilling per person. The Nationalbank also began issuing Schilling notes in 1945 and the first coins were issued in 1946. With a second "Schilling" law on November 21, 1947, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 Schilling and at a rate of 1 new Schilling for 3 old Schilling thereafter. Coins were not affected by this reform. The currency stabilised in the 1950s, with the Schilling being tied to the U.S. dollar at a rate of $1 = 26 Schilling. Following the breakdown of the Bretton Woods system in 1971, the Schilling was initially tied to a basket of currencies and then, in July 1976, the Schilling was coupled to the German mark. Although the Euro became the official currency of Austria in 1999, euro coins and notes were not introduced until 2002. Old Schilling denominated coins and notes were phased out from circulation because of the introduction of the euro by 28 February of that year. Schilling banknotes and coins which were valid at the time of the introduction of the euro will remain exchangeable for euros at any branch of the Austrian National Bank (Österreichische Nationalbank) indefinitely. In 1945, the Allies introduced notes (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 Schilling. The National Bank also introduced notes in 1945, in denominations of 10, 20, 100 and 1,000 Schilling and the allied currency with small values up to 5 Schilling remained valid until 1947. With the banknote reform of 1947, new notes were issued in denominations of 5, 10, 20, 50, 100 and 1,000 Schilling. Until 1957, the first 500 Schilling banknote was issued and the 5 and 10 Schilling notes were replaced by coins. However, although 20 Schilling coins were issued from 1980, the 20 Schilling note continued to be produced, with 5,000 Schilling notes added in 1988.
  • Condition: I'm selling the banknote from the picture
  • Circulated/Uncirculated: Circulated
  • Type: Banknotes
  • Year: 1945
  • Country: Austria
  • Grade: Ungraded
  • Country/Region of Manufacture: Austria
  • Modified Item: No
  • Certification: Uncertified

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